Recently, the Crypto Assets market has shown a diversified trend. Bitcoin (BTC) has performed weakly, recently hitting a low near $107,200. The long positions have shown some resistance at this level, and it may enter a bottom consolidation phase in the short term, though a rebound cannot be ruled out. However, the overall trend remains weak, lacking sustained upward momentum.
In contrast, Ethereum (ETH) has performed excellently, maintaining a strong stance. Although recent trading volume and volatility have weakened, indicating that the main upward phase may have passed, as long as the key support level of $3900 is not breached, the upward trend remains valid. Investors who are advised to buy on dips should remain patient and avoid being easily shaken out by market fluctuations. It is worth noting that the nature of financial markets is to alternate between ups and downs, and the intertwining of rises and falls is the norm.
For other altcoins, the market's focus has shifted to the performance of WLFI. If WLFI exhibits a strong capital absorption effect, it may lead to capital outflows from other altcoins. If this phenomenon is accompanied by selling pressure, the entire altcoin market may face downward risks.
Overall, the current Crypto Assets market is showing a diversified trend, and investors need to closely monitor the unique trends and interactions of each coin to formulate reasonable investment strategies.
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BoredApeResistance
· 9h ago
If you don't look at the ups, then just hold onto it.
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PebbleHander
· 9h ago
It's too difficult to understand.
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GweiWatcher
· 9h ago
Is this market even worthy of being called a bull run?
Recently, the Crypto Assets market has shown a diversified trend. Bitcoin (BTC) has performed weakly, recently hitting a low near $107,200. The long positions have shown some resistance at this level, and it may enter a bottom consolidation phase in the short term, though a rebound cannot be ruled out. However, the overall trend remains weak, lacking sustained upward momentum.
In contrast, Ethereum (ETH) has performed excellently, maintaining a strong stance. Although recent trading volume and volatility have weakened, indicating that the main upward phase may have passed, as long as the key support level of $3900 is not breached, the upward trend remains valid. Investors who are advised to buy on dips should remain patient and avoid being easily shaken out by market fluctuations. It is worth noting that the nature of financial markets is to alternate between ups and downs, and the intertwining of rises and falls is the norm.
For other altcoins, the market's focus has shifted to the performance of WLFI. If WLFI exhibits a strong capital absorption effect, it may lead to capital outflows from other altcoins. If this phenomenon is accompanied by selling pressure, the entire altcoin market may face downward risks.
Overall, the current Crypto Assets market is showing a diversified trend, and investors need to closely monitor the unique trends and interactions of each coin to formulate reasonable investment strategies.